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ACID TEST RATIO

The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) $ 72 179 62 206 30 549 257 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders' equity Total liabilities and equity $ 238 79 317 90 407 149 250 399 $ 806 Total assets $806 The acid-test ratio is (Round your answer to 2 decimal places.): Multiple Choice 0.99